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Okay given the okay to take off again
By Winny Wang |
January 24, 2009, Saturday
|
Print Edition
Print Edition
CHINA'S first private airline Okay Airways will resume passenger flights today after a nearly 2-month suspension over financial and management problems.
The aviation regulator said that Okay Airways has met all requirements set by officials so it has allowed it to resume service.
The Tianjin-based carrier will resume some flights today, including Tianjin-Harbin, Tianjin-Changsha-Kunming, Tianjin-Zhuhai-Sanya, Tianjin-Taiyuan-Chongqing, Tianjin-Nanjing-Quanzhou, Tianjin-Chengdu and Tianjin-Sanya.
Other flights will be introduced on February 1, the carrier said in an e-mail yesterday.
Wang Junjin, the airline's legal representative and chairman of JuneYao Group, the biggest shareholder, last month applied to the Civil Aviation Administration of China for suspension of passenger flights, citing financial and management problems within the company.
The regulator approved the application and ordered the company to suspend its services from December 15 to January 15.
It was reported that Wang had tried to consolidate his power in the carrier with the suspension and was negotiating with four other shareholders over some items, including sacking the carrier's president Liu Jieyin, as a point for resumption.
The carrier filed an application on January 15 about resuming flights.
During the suspension, the carrier's partners - including Fedex Express - all terminated their contracts with the airline, causing at least a 100-million-yuan (US$14.6 million) loss. A Fedex Express contract could bring 200 million yuan income annually.
The aviation regulator said that Okay Airways has met all requirements set by officials so it has allowed it to resume service.
The Tianjin-based carrier will resume some flights today, including Tianjin-Harbin, Tianjin-Changsha-Kunming, Tianjin-Zhuhai-Sanya, Tianjin-Taiyuan-Chongqing, Tianjin-Nanjing-Quanzhou, Tianjin-Chengdu and Tianjin-Sanya.
Other flights will be introduced on February 1, the carrier said in an e-mail yesterday.
Wang Junjin, the airline's legal representative and chairman of JuneYao Group, the biggest shareholder, last month applied to the Civil Aviation Administration of China for suspension of passenger flights, citing financial and management problems within the company.
The regulator approved the application and ordered the company to suspend its services from December 15 to January 15.
It was reported that Wang had tried to consolidate his power in the carrier with the suspension and was negotiating with four other shareholders over some items, including sacking the carrier's president Liu Jieyin, as a point for resumption.
The carrier filed an application on January 15 about resuming flights.
During the suspension, the carrier's partners - including Fedex Express - all terminated their contracts with the airline, causing at least a 100-million-yuan (US$14.6 million) loss. A Fedex Express contract could bring 200 million yuan income annually.
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